Anthropic is nearing the finalization of a $15 billion pre-IPO credit facility, while smart-ring maker Oura is aiming to list on the Nasdaq as soon as this month, according to Dealbreaker.
Anthropic lines up banks for a pre-IPO credit facility
Anthropic is nearing finalizing a $15 billion pre-IPO credit facility, according to Dealbreaker. Morgan Stanley is leading the process, with Goldman Sachs Group Inc. and JPMorgan Chase & Co. also having prominent roles on the facility, along with Citigroup Inc., according to Dealbreaker. The same four lenders are also leading the IPO, according to Dealbreaker.
Dealbreaker reports that the Claude chatbot maker is seeking to raise as much as SpaceX or more in the initial public offering.
Oura targets a Nasdaq listing and discloses recent financials
Oura’s IPO materials show high growth for the smart-ring maker, and the San Francisco-based company is aiming to list on the Nasdaq as soon as this month, according to Dealbreaker. Dealbreaker reports that Oura is expected to fetch a valuation well above the $11 billion mark achieved in a funding round last year.
For the nine months ended June 30, Oura posted revenue of $1.21 billion, up 74% from the same period last year, according to Dealbreaker. The company said it recently turned profitable and earned $60.8 million in the period, up from $1.6 million in the same period last year, according to Dealbreaker.
Citadel linked to bidding for U.S. shale assets
Citadel is seeking to buy U.S. shale oil production assets, sources told Reuters, and the firm founded by Ken Griffin was among the bidders for WildFire Energy, according to Dealbreaker. WildFire Energy was put up for sale earlier this year by buyout firms Warburg Pincus and Kayne Anderson, according to Dealbreaker.
Magnolia Oil & Gas ultimately won the auction, according to Dealbreaker. Dealbreaker reports that, for Citadel, buying a platform such as WildFire would offer not just producing assets but also an existing management team to operate them and any future acquisitions. Dealbreaker reports that this would mirror the approach Citadel took when it entered the U.S. natural gas production space last year.
Macro and media items flagged by Dealbreaker
President Trump issued an ultimatum in a Truth Social post urging the Federal Reserve and its chairman, Kevin Warsh, to “get smart” and cut rates, according to Dealbreaker. Dealbreaker reports that the post reacted to a much-stronger-than-expected monthly jobs report and that the message shows Trump resuming his pressure campaign against the Fed, which had eased since the appointment of Warsh as Trump’s handpicked successor to Jerome Powell.
The U.S. added 162,000 jobs in August, while the unemployment rate held steady at 4.1%, according to Dealbreaker. Economists surveyed by Bloomberg had been expecting a gain of 55,000 jobs and a flat unemployment rate, according to Dealbreaker. Seema Shah, chief global strategist at Principal Asset Management, said markets may edge up expectations for a September hike following the release, but that next week’s CPI report is likely to be the key swing factor for policy, according to Dealbreaker.
Fox News abruptly parted ways with Maria Bartiromo, and NPR reported that Bartiromo arrived at Fox Business Network as a financial markets journalist in 2014 and later provided an insider’s line to President Trump, according to Dealbreaker. Dealbreaker reports that those close ties helped enmesh Fox News in scandal after she embraced and promoted Trump’s lies about being cheated of victory in the 2020 race for the White House. Dealbreaker reports that in July a Fox Business executive texted executive producers that a Trump speech on election security would not be carried live, and that the executive producer of Bartiromo’s morning business show forwarded the text to Bartiromo, who sent a screengrab to a Trump associate.
